At the Chicago Mercantile Exchange, cattle futures closed lower on pressure from weak fundamentals. This week’s steady to lower cash trade and weakness in beef values were also negative. The trade is also looking ahead to Friday’s Cattle on Feed report. October live cattle closed $.60 lower at $116.17 and February live cattle closed $.85 lower at $120.40. October feeder cattle closed $2.02 lower at $154.70 and November contracts closed $2.12 lower at $154.62.
Direct cash cattle trade ended the week quiet following Thursday’s light to moderate trade activity.
Continue reading Cattle futures pressured by week’s lower cash trade at Brownfield Ag News.
